Skip to main content

Compass Debuts Bridge Loan Service

Phil Hall
Oct 21, 2019
Real estate firm Compass has rolled out Compass Bridge Loan Services

Real estate firm Compass has rolled out Compass Bridge Loan Services, a new solution for homes sellers looking to buy their next home before selling their existing residence.
 
According to the company, Compass Bridge Loan Services enables sellers to access faster processing and dedicated support from lenders including Better.com and Freedom Mortgage. Sellers can apply for up to six months of loan payments and Compass stated that it would use its own funds to support the no out-of-pocket costs offering.
 
"We are incredibly excited to be able to offer Compass Bridge Loan Services to home buyers and sellers across the country," said Carly Litzenberger, senior director of new ventures at Compass. "Until now it's been far too difficult for homeowners to easily access the equity in their homes. By unlocking this capital, Compass is putting the power back in the hands of the homeowner and bringing a new group of buyers to the housing market."

 
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Community
Jun 07, 2021
Freddie Mac Multifamily Extends Forbearance Deadline To September

Freddie Mac Multifamily extended the deadline for requesting a new COVID-19 forbearance agreement for its Multifamily loans to September 30, 2021.

Industry News
Jun 04, 2021
Fannie Mae Launches 'Your Own Story' To Educate Future Homebuyers

Fannie Mae is seeking to help demystify the homebuying process for future homeowners with “Your Own Story.” A new campaign to educate future homebuyers on the entire process.

Industry News
Jun 04, 2021